Mining giant Bitmain may apply for an IPO in the US

by in Blockchain News

Bitmain for ICO

One of the world's largest producers of mining equipment, Bitmain, is preparing to submit another application for an IPO, but this time in the US, not Hong Kong, Bloomberg reports, citing well-informed sources.

Thus, the company, the investment valuation of which in 2018, according to various sources, ranged from $3 billion up to $15 billion, intends to raise $300-500 million, reports the publication. Relevant documents to the US Securities and Exchange Commission (SEC) will allegedly be submitted next month, and the IPO itself may take place before the end of the year.

Recall that Bitmain’s previous bid for an IPO expired in March, which was on the Hong Kong Stock Exchange.

Related: 7,000 bitcoin miners confiscated during police raid in China

Earlier in news, there was a report that Canaan Creative, one of Bitmain’s main competitors, is also considering an IPO in the US.